Gigabit January 2019

AFRICA
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to offer tourists coming to South Africa
a value-add by paying in their home
currency, where they don’t have to experience
the volatility in the currency or
the exchange rate,” explains Govender.
Long term, looking at the future of
Nedbank and its position in South Africa,
Govender believes a flood of new
opportunities are set to be unlocked
as the country undergoes significant
regulatory change. The Financial Sector
Conduct Authority and Prudential
Authority are set to be located in the
South African Reserve Bank (SARB),
which will provide jurisdiction over all
financial institutions. This, he explains,
will enable the ongoing transformation
of financial services and the delivery of
further advantages in terms of interacting,
servicing as well as delivering
innovative value propositions.
“Enabling regulations are going to be
key in achieving the reserve bank’s vision
for 2025 which is tackling some of
the social issues that we have in South
Africa,” he says.
“The move could also unlock trade,
growth and create employment. The in-
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